iiNet CFO Michael Howard quits after one week to return to Officeworks

iiNet's new chief financial officer Michael Howard has quit and returned to his old role at Officeworks after less than a week in the job following TPG Telecom's $1.4 billion bid for the Perth-based telco.

Mr Howard was poached from Officeworks in February to replace David Buckingham, who had been working as both the chief executive and chief financial officer at Australia's third-largest provider of fixed-line broadband services.

As first reported by ZDNet, Mr Howard has since returned to his old position as Officeworks' chief financial officer.

"Michael and Officeworks have held discussions and are both pleased he will be returning to the business in his prior role, which will provide continuity and a safe pair of hands," a spokeswoman for Officeworks said.

Mr Howard will be returning to his old position for the long term, she added.